Under the epidemic, 188bet app download hosts are in a difficult situation

Author of 188bet app download article: Divine Translation Bureau 2020-03-18
Global epidemic spread,Online tourism,Including Booking.Online travel websites including com and 188bet app download are facing a crisis。

March 188bet app download year,Livia De Felice is having a very troublesome life,Because all her previous online reservations for two vacation homes in San Francisco and four other residences in Italy were canceled。

And in Las Vegas,Austin Mao is not going well either,The hotel he owns can receive 2,000 guests per month in the past。And 188bet app download year,Not only did he lower the price of these rooms by 10%,Also plans to continue to reduce prices as the number of tourists drops further。

Tracey Northcott and her husband run 12 vacation rentals in Tokyo,Hire three full-time employees for 188bet app download purpose,Five part-time cleaners and administrative staff。But since January,The occupancy rate of the apartment dropped from 80% to zero。Northcott said: "I have to find a way to continue paying the mortgage。”She now has to use her pension to pay these bills。

Livia De Felice、Mao and Northcott have a common identity,That’s the landlord of 188bet app download, a rental website with 7 million listings。This year,They have been impacted by the new coronavirus。In order to limit the spread of the epidemic,Tourism projects in many places were suspended immediately,188bet app download and Booking.com、The problems faced by VRBO and other online travel websites are rapidly escalating。

Virus costs online 188bet app download industry 8 billion,These losses are actually borne by airlines and large hotel chains。It’s worth noting,With Marriott International,Hilton,The difference between big companies like United Airlines and JetBlue Airways is,How many online 188bet app download websites survive,Rely on the listings posted on the platform by landlords and small hotel owners,It is precisely these people who do not have much ability to withstand the consequences of a long-term economic downturn。

But,188bet app download kind of loss has become a common phenomenon。Booking.com as an online travel website provides a very diverse range of services,On its platform,6.3 million apartments and vacation rentals for customers to choose from,It also provides hotel and air ticket booking services。But just last Monday,Booking.com canceled the company’s financial forecast。They said,Due to the worsening epidemic situation,It is difficult to “reliably quantify” the actual impact of the virus on their business。

Booking.com CEO Glenn Fogel said in a recent interview: "The world has changed,We must also make adjustments。”For 188bet app download,His company also cut advertising spending。

And the other side,Expedia Group is also in a bad situation,its VRBO、Hotels.com and a dozen other travel websites estimate that their revenue will decrease by US million to US million in the first quarter of 2020。At the same time,The company has also recently started a layoff plan,The proportion is as high as 12%,That is, more than 3,000 employees。And Expedia said 188bet app download,The layoffs are actually part of the previously planned company restructuring。

Under the epidemic, 188bet app download hosts are in a difficult situation

Expedia Chairman Barry Diller,The company expects operating profit to fall by US million to US million in the first quarter of 188bet app download year。Harry Eelman for The New York Times

Last month,Expedia Chairman Barry Diller said of the coronavirus on an investor call: “It’s really the unknown。We are working hard to separate those impacts that are solely due to the virus from our ongoing operations,So we can be prepared,Do your job as well as possible when the epidemic is over。”

In this epidemic,The rental website 188bet app download was also hit harder。Since the establishment of the company in 2008,Millions of homeowners have rented out their homes short-term through the platform (188bet app download takes a cut of their fees)。These years,188bet app download hosts are becoming more sophisticated and savvy,To meet their needs for house cleaning and management,Mini economic housing has sprung up like mushrooms after a spring rain。And Booking.com also followed closely,Entered the vacation home rental market。

Today,188bet app download is in a tricky period strategically。

This San Francisco company was valued at billion by private investors。September last year,188bet app download said it plans to go public this year,Although generally speaking such high-profile loss-making startups,The IPO market has been unstable。But they said they plan to go public through an unconventional method,No new shares are issued,Direct listing。However, because the shares held by some current employees and former employees are about to expire and become invalid,So this year’s listing is still facing pressure in this regard。

There may be problems with listing now。188bet app download spokesman Nick Papas referred only to the company’s previous announcement that it planned to go public this year。But the recent stock market turmoil,And the huge impact of the virus on businesses may prevent any company from completing its listing soon。

Last week,188bet app download CEO Brian Chesky sent an email to employees,About explaining the company’s corresponding measures to deal with the virus。In email,Chesky promises 188bet app download will provide partial refunds to customers,And establish a million fund,To support landlords using the platform in China。

“During the last financial crisis in 2008,188bet app download is born," Chesky wrote in the email,“It didn’t stop us then,Not now。”

“188bet app download was born out of a global crisis。" CEO Brian Chesky said in a memo to employees。Jeenah Moon for The New York Times

188bet app download also faces other problems。For example,Sponsor the Tokyo Olympics this summer。If this event is canceled due to the epidemic,The situation is very bad。International Olympic Committee stated,Based on following the recommendations of the World Health Organization,We will do our best to support the hosting of this year’s Olympic Games。

But the most troublesome thing is,188bet app download is busy processing prepaid orders that are gradually disappearing,Because many house reservations have been canceled by tourists。

In Sofia, the capital of Bulgaria,Jasper Ribbers runs a company called Get Paid For Your Pad,Specially provides training for 188bet app download hosts。He advised landlords in virus-affected areas to lower their accommodation prices,Reducing costs,Also looking for other uses for the house,For example, find a long-term tenant。

“The landlord can hold some activities in the rental house,Or rent it to those artistic people who need to take pictures。”He said。

As mentioned earlier, Mao, the landlord in Las Vegas, started reducing prices last month。Each of his houses brings in about ,000 per month,And the fixed cost is only 00。He said,Although there was only a small drop in bookings in early March,But he expects that as the panic about the new coronavirus increases,Bookings will drop further,He will continue to lower the price of the house by then。

Under the epidemic, 188bet app download hosts are in a difficult situation

Northcott has been an 188bet app download host in Tokyo for eight years。Her Tokyo Family stay lost about ,000 worth of bookings in January,Loss of ,000 in February,Lossed 2 so far in March.USD 50,000,Loss of ,000 in April,April is usually the most profitable month of the year。

188bet app download spokesman Pappas declined to break down the company’s costs for virus-related cancellations。They allow traveling to and from China、Tourists from South Korea and parts of Italy cancel reservations,And a full refund。In addition,188bet app download said it is evaluating other situations individually,For example, people whose flights have been canceled or whose travel has been restricted。

Tuesday,The company announced a plan called "More Flexible Bookings",Convenience for landlords to provide refund services to guests。188bet app download currently booked through June 1 that does not fall within the company’s commutation policy,Refunds will also be issued along with 188bet app download vouchers for future trips。Rooms booked from now until June 1st,Itineraries that do not fall within the company’s exceptions,Will also be refunded in the form of a 188bet app download voucher,For future use。

In a memo to employees, Chesky tried to remain optimistic.

“Travel will bounce back。”he wrote,“After all, 188bet app download is one of the most resilient industries in the world。”

*Source of 188bet app download article: 36氪, author: Divine Translation Bureau, original title:Under the epidemic, 188bet app download hosts are in a difficult situation》.

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